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Soft Drink Industry Analysis - Essay Example
Pages 6 (1506 words)
For every industry analysis, to make an impact on the proceedings of the central thought process is very important. We need a good strategy and idea to understand the position of the firm. Strategies can help us to understand the external environment and look for the changes to be required in order make an impact…
The important factors which we need to consider are rival competitors, threats to the present players from the new entrants and finally the suppliers and consumers in general as a whole market share competition. The reason we are considering Industry analysis for the soft drink industry is that we can understand the overall landscape of the industry and thus can identify the growing trends, opportunities and possible threats. Whenever we consider the industry, one thing to be noted is that supplier and buyer are powerful entities in the whole process schema. Now that we have realized the need and importance of industry analysis in any industry, let's go further by listing the main features to be included while reasoning the industry analysis. The first step in industry analysis is to define the industry or the sector which will be analyzed. In our case this will be soft drink industry or we can say the market of non alcoholic beverages. The second step in the process is to identify the key players and competitors in the market and also identify the customer target base. After identifying the players we need to judge the strengths, weakness and other factors. We also need to understand and identify the market trends in the industry. ...
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